President Trump Holds Cabinet Meeting CSPAN November 1, 2017 4:46pm-5:04pm EDT
the house intelligence committee wrapping up the third of three hearings with facebook and twitter, the ability to influence the president slal shal election. we'll show you the hearings tonight on c-span2, beginning at 8:00 p.m. eastern. you can find all three of this week's hearings in their entirety online at c span.org. type russia in the search bar. we'll take you next to the white house, president trump held a cabinet meeting and spoke with reporters as the meeting got under way and talked about the terrorist attack in new york city yesterday. >> thank you very much. today we mourn the horrifying terrorist attack in new york city, just blocks away from the site of the world trade center.
a man drove a truck into a pedestrian bike path and murdered eight people and injured very, very seriously at least 11 more. all of america's praying and grieving for the families who lost their precious loved ones, horrible act. our hearts break for them and we pledge to renew our resolve in their memory. my administration is coordinating closely between federal and local officials to investigate the attack and to further investigate this animal who did the attacking. and updates will be provided as available.
i am today starting the process of terminating the diversity lottery program. i'm going to ask congress to
immediately initiate work to get rid of this program. diverse diversity and diversity lottery. sounds nice. it's not nice. it's not good. it hasn't
been good. we've been against it. so we want to immediately work with congress on the diversity lottery program on terminating it, getting rid of it. we want a merit based program where people come in to our country based on merit. and we want to get rid of chain migration. this man that came in -- or whatever you want to call him -- brought in with him other people and he was -- he was the point of contact, the primary point of contact for and this is preliminarily, 23 people that came in or potentially came in
devotion to our law enforcement homeland security and intelligence professionals to keep america safe. we'll take all necessary steps to protect necessary steps to protect our people and our communities and to protect our nation as a whole. we have to get much tougher. we have to get much smarter. and we have to get much less politically correct. we're so politically correct that we are afraid to do anything. that's not only our country. that's other countries, too, that are having very similar problems. and we have to get tough. we have to get smart. we have to do what is right to protect or citizens. we will never waiver in the defense of our beloved country ever. we will never, ever forget the beautiful lives that have been
taken from us.
that was a horrible event. and we have to stop it and we have to stop it cold. we also have to come up with punishment that is far quicker and far greater than the punishment these animals are getting right now. they will go through court for years. at the end who knows what happens? we need quick justice and we need strong justice. much quicker and much stronger than we have right now because what we have right now
is a joke and it's a laughing stock. and no wonder so much of this stuff takes place. and i think i can speak for plenty of other countries, too, that are in the same situation. so with that being said, we will be starting our cabinet meeting today. it will be a discussion that
will focus on vital issues of tax cuts and tax reform. it will be the largest tax cuts in the history of our country by far. the house is doing very well. they have taken an extra few hours which will go into tomorrow and will be announcing and i will probably be standing with them. we are leaving for asia on friday morning. i will be standing with them sometime tomorrow announcing massive tax cuts and reform. not just tax cuts. it's tax cuts which to me is the most important. it will be tax cuts and reform. we have now had two straight quarters of three percent or more economic growth, gdp. but our economy and our country cannot take off the way it really should so it's really, really competitive with the rest of the world unless we get the kind of tax cuts for our
companies and our middle class, our workers, unless we get the jobs we need. it can't really take off until we get the tax cuts and reform passed. this week the house committee will unveil a historic tax plan that will create new jobs, higher wages which hasn't happened in many years and now it is starting to happen. many, many years people making less money today than they made 20 years ago. you heard it many times before. but it will lead to tremendous prosperity for american families, communities and also for our job producing businesses. at the center of our plan are tax cuts for the working americans. we will reduce tax rates, increase the amount of income that is taxed at zero and increase the child tax credit which is very important to families. we will make the tax code simple
and fair so that the vast majority of americans can file their taxes on a single sheet of paper. we will be simplifying. it will be called simplification of our tax code. we will restore america's competitive edge by lowering taxes on america's businesses for the first time in more than 30 years and it will be an historic cut. right now other countries are so far below us and then you see all the companies leaving one after another they leave. that's not going to be happening. i must tell you i have stopped even before this but we are going to be stopping it in full. people are coming back. we will be announcing very shortly possibly right after i get back a major company that is moving back into the united states. it's going to be a major name. people are going to be very surprised especially the country from which they are leaving will be surprised.
under our plan we'll go from being one of the highest taxed nations in the world to one of the lowest meaning more jobs, more factories, more plants, more opportunities here in america where we want them. we will reduce taxes for businesses of all sizes. i must add that we are also negotiating right now. i have my full team here, tremendously different trade deals. our trade deals are horrible. they were made by people that hone honestly it's sad. it's very sad for our country. every trade deal we have is disastrous. we are renegotiating on trade. and if we have support from congress we will make trade deals that are horror shows into very good and respectable trade deals and trade deals that are good for both countries and many countries. very important is that we
renegotiate our trade deals with mexico as an example. we have a trade deficit of $71 billion. that's nafta. we have trade deficits with china that are through the roof. they are so big and so bad that it's embarrassing saying what the number is. you know what the number is. and i don't want to embarrass anybody four days before i land in china. but it's horrible. and you look all over the world no matter where we do trade we have bad trade deals. we are renegotiating those deals as i said i would during the campaign. that is going to be a big factor in our growth. finally, our plan will bring back trillions of dollars from offshore. we have in my estimation $4 trillion that will come pouring back into our country that will be put to work and will be spent by our companies that could never get the money back for
many years. interestingly it is something that republicans and democrats have agreed on for years. what is not to agree? bring the money back and they couldn't get it done because there was a lack of leadership they couldn't get it done. they all agreed it should be done and couldn't get it done. we will be bringing that money back for rebuilding america. i will be announcing tomorrow the new head of the federal reserve. that will take place sometime tomorrow afternoon. you will be notified as to the time. i think you will be extremely impressed by this person. as part of our push to renew prosperity i will be making a very historic trip on friday, as i said. visit will take us to japan, south korea, china, vietnam, the philippines. you remember the philippines the last trip made by a president that turned out to be not so good. never quite got to land.
we will host meetings with world leaders across the endo pacific region. i look forward to it. we will meet a lot of presidents and leaders of countries that have been friends and have become very good friends of mine. and we have great trade relationships other than the fact that we are right now being taken advantage of. i think they will start changing them pretty quickly. key administration officials including secretary mnuchin will be staying back from the trip to asia to remain vigilant in making sure the tax cuts pass so if i have any problem s i will e blaming mnuchin. i think they are going to do very well. we are doing very well. the house has been working really hard. they are coming up with the
great plan. they are going to be put together and something will come out of that that will be i think really, really something very special. again, we are doing senate. we are doing the house. put together and then we have our beautiful new tax cuts and reform. i think it will be very special. i'm also counting on our great vice president mike pence and the rest of my cabinet to continue to push for the tax cuts and reform while i'm away. they are going to be all over the country working on it but specifically they will be working on the members of the house, members of the senate. we think we will actually get democrats to join us in the senate because frankly i actually think they will lose their elections in those communities and those states because the people of those states and the people of all
states need tax cuts. we're the highest taxed nation just about in the world. we need tax cuts. with that, we will start our cabinet meeting. we have a wonderful group of people. we have a great cabinet. they are doing an incredible job. i don't think they have been given the credit that they deserve. that doesn't matter quite yet. we will let you know when it is time to tell you about it. at the border we have done a fantastic job. we have done great with the military. isis is being decimated. they quickly move to other places in the world like africa and others and we are there to meet them. this has never happened. we have done more to annihilate isis than eight years of the previous administration.
we are actually making tremendous strides in afghanistan also. i think you see what is happening. we have done a largely really job that has been very, very well respected by many. one of the things that has happened that nobody is paying attention to but you will see it this week are federal judges not only justice gorsuch who is doing fantastically on the supreme court, but we have many judges that are being approved at the district level, federal district judges and court of appeals judges. at this moment we will be up to fairly soon the approval of 145 federal judges, district. and court of appeals about 167 at this moment. so we will have a big percentage of the court will be changed by this administration over a very
short period of time. i don't believe other than perhaps when they started the whole process, i don't believe anybody has come close. so we will have 145. and that number will be increasing with time. 145 district court judges and 17 court of appeals judges. i must tell you the wall street journal gave us great reviews on that, really fantastic reviews. i think it is a very important element because a lot of people don't know it. again, tomorrow is a big announcement and we will have another announcement having to do with tax cuts out tomorrow pretty early skpm. and i appreciate it and i will see many of you on the trip to as asia. thank you very much. >> do you want the assailant from new york sent to gitmo? >> i would certainly consider that, yes. send him to gitmo.
i would certainly consider that, yes. >> how did the diversity program fit into his plot? >> they say he came in through that program. they say he came in. i don't want -- look, it's very simple. what we are demanding is merit-based immigration. we want people that are going to help our country. we want people that will keep our country safe. we don't want lotteries where the wrong people are in the lotteries. who are the suckers that get those people? we want a merit based system. we do not want chain migration where somebody like him will be allowed to bring in many members of his family. we don't want that. thank you all very much. >> they certainly could. he did.